Billionaire investor Jeremy Grantham reiterated his skepticism about Bitcoin, describing it as a "useless, speculative mechanism" that will gradually lose relevance rather than crash suddenly. He highlighted Bitcoin's price volatility and lack of stability compared to gold, noting it halved in value without clear cause during a strong economy. Despite recent severe selloffs, some institutional investors see the dip as a buying opportunity. Meanwhile, other billionaires like Ricardo Salinas Pliego remain bullish, heavily investing in Bitcoin and advocating for its advantages over fiat and gold. Grantham's view signals caution for investors amid ongoing market uncertainty and geopolitical tensions affecting crypto prices.
Bitcoin recently dropped below key support levels of $82,000 and $80,000 and is currently hovering just above $79,000. Analyst JackYi from Liquid Capital identified $79,000 as a critical support level, with additional support at $75,000 and $71,000 i...
Bitcoin has lost key support levels at $82,000 and $80,000 and is approaching a break below $79,000. Liquid Capital founder 易理华 identifies $75,000 as the next support level, followed by $71,000 if the decline continues. Despite these potential drops,...
Ripple's Swell conference begins October 27 in New York, combining three events into one with over 100 speakers and 1,500 attendees expected. The event covers digital finance, blockchain development, and XRP Ledger innovations, featuring executives l...
Binance recorded a single liquidation event of an Ether (ETH) long position worth $3.48 million in its perpetual futures market. The liquidation occurred at a price of $2,312 for ETH on October 25 at 9:38 p.m. ET. This event highlights the volatility...
The MINIMAX cryptocurrency experienced a sharp decline of 10.8% within a single hour, reaching a price of 21.59 USDT at 10:09 p.m. ET Sunday. Over the full 24-hour period, the token fell 8.7%, indicating the hourly drop was steeper than the overall d...
